In November, the country votes for the President and during a Presidential election someone or some country has to be the badman. For President Trump, he suggests China is the bad company, what will be the result if he wins. Will he impose sanctions on China that actually work? or will he say he will be outside of a few plants being announced global supply chains will be basically what they are now?
In an article from Reuters, the China Banking and Insurance Regulatory Commission (CBIRC) has approved a wealth management joint venture between US asset manager Blackrock, Singapore state investor Temasek Holdings and China Construction Bank (CCB) as China gradually opens up its financial sector to international firms.
China is the world’s second biggest economy after the US and top global financial players have long sought to increase their presence in the growing Chinese economy. France’s Amundi SA, Europe’s largest asset manager and Bank of China Wealth Management won approval to set up a joint venture. UBS and JPMorgan Chase are setting up majority owned China ventures.
Chubb Insurance has increased its stake in Huatai Insurance Group to 46.2% becoming the biggest shareholder of the Chinese firm.
Linking to dividend paying stocks, elections in every country are important but they come and go. Where can companies grow their business remains and where growth is happening, large companies will be enhancing their operations. In your investing, look beyond the elections for they are short term blips, what is the growth of the company and how does it make profits? Focus on the important things and life will be easier to handle.
There are more questions than answers, till the next time – to raising questions.